Maria Tallchief 466 33 1234
543 Space Drive
Houston, TX 77099
X
X
20,250
20,250
20,250
12,400
12,400
7,850
Comprehensive Problem 1A, cont.
August 18, 2020
DO NOT FILE
DRAFT AS OF
Form 1040 (2020) Page 2
16 Tax (see instructions). Check if any from Form(s): 1 8814 2 4972 3 . . 16
17 Amount from Schedule 2, line 3 . . . . . . . . . . . . . . . . . . . . 17
18 Add lines 16 and 17 . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Child tax credit or credit for other dependents . . . . . . . . . . . . . . . . 19
20 Amount from Schedule 3, line 7 . . . . . . . . . . . . . . . . . . . . 20
21 Add lines 19 and 20 . . . . . . . . . . . . . . . . . . . . . . . . 21
22 Subtract line 21 from line 18. If zero or less, enter -0- . . . . . . . . . . . . . . 22
23 Other taxes, including self-employment tax, from Schedule 2, line 10 . . . . . . . . . 23
24 Add lines 22 and 23. This is your total tax . . . . . . . . . . . . . . . .
?
24
25 Federal income tax withheld from:
a Form(s) W-2 . . . . . . . . . . . . . . . . . . 25a
b Form(s) 1099 . . . . . . . . . . . . . . . . . . 25b
c Other forms (see instructions) . . . . . . . . . . . . . 25c
d Add lines 25a through 25c . . . . . . . . . . . . . . . . . . . . . . 25d
26 2020 estimated tax payments and amount applied from 2019 return . . . . . . . . . . 26
27 Earned income credit (EIC) . . . . . . . . . . . . . .
• If you have a
qualifying child,
attach Sch. EIC.
• If you have
nontaxable
combat pay,
see instructions.
27
28 Additional child tax credit. Attach Schedule 8812 . . . . . . . 28
29 American opportunity credit from Form 8863, line 8 . . . . . . . 29
30 Recovery rebate credit. See instructions . . . . . . . . . . 30
31 Amount from Schedule 3, line 13 . . . . . . . . . . . . 31
32 Add lines 27 through 31. These are your total other payments and refundable credits . . .
?
32
33 Add lines 25d, 26, and 32. These are your total payments . . . . . . . . . . .
?
33
Refund
34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid . . 34
35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here . . .
?
35a
Direct deposit?
See instructions.
? b
Routing number
? c Type:
Checking Savings
? d
Account number
36 Amount of line 34 you want applied to your 2021 estimated tax . .
?
36
Amount
You Owe
For details on
how to pay, see
instructions.
37 Subtract line 33 from line 24. This is the amount you owe now . . . . . . . . . . ?
37
Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for
2020. See Schedule 3, line 12e, and its instructions for details.
38 Estimated tax penalty (see instructions) . . . . . . . . .
?
38
Third Party
Designee
Do you want to allow another person to discuss this return with the IRS? See
instructions . . . . . . . . . . . . . . . . . . . . ? Yes. Complete below. No
Designee’s
name ?
Phone
no. ?
Personal identification
number (PIN) ?
Sign
Here
Joint return?
See instructions.
Keep a copy for
your records.
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and
belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Your signature Date Your occupation If the IRS sent you an Identity
Protection PIN, enter it here
(see inst.) ?
Spouse’s signature. If a joint return, both must sign. Date Spouse’s occupation If the IRS sent your spouse an
Identity Protection PIN, enter it here
(see inst.) ?
Phone no. Email address
?
Paid
Preparer
Use Only
Preparer’s name Preparer’s signature Date PTIN Check if:
Self-employed
Firm’s name ? Phone no.
Firm’s address ? Firm’s EIN ?
Go to www.irs.gov/Form1040 for instructions and the latest information. Form 1040 (2020)
1-6 Chapter 1 – The Individual Income Tax Return
788
788
788
788
1,197
1,197
1,197
409
409
Parking Attendant
Solutions for Questions and Problems – Chapter 1 1-7
Comprehensive Problem 1B
August 18, 2020
DO NOT FILE